MedAdvisor: Changes share price for capital raise

  • MedAdvisor (MDR) has adjusted the price for its capital raise
  • Investors will now be able to grab the health stock’s shares at 38 cents, which is 7 cents cheaper than the initial price
  • Under the capital raise, the company is aiming to raise $45 million, with a minimum target of $35 million
  • The purchase will accelerate MedAdvisor’s U.S. presence by using Adheris’ existing pharmacy integrations
  • MedAdvisor’s and Adheris technology will integrate to create programs that can positively influence patient behavior from point of initial prescribing to the pharmacy
  • Company shares last traded for 40 cents on October 30
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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